The serious economic effects caused by COVID-19 are a key concern for Atlantic Indigenous businesses and communities because of pre-existing risks, vulnerabilities and challenges.
In this Briefing Note, APEC examines community economic and financial risks, Indigenous business risks, community and individual socio-economic vulnerabilities, and community health risks.
Webinar on APC 2019 Report: Highlighting Successful Atlantic Indigenous Businesses
Indigenous businesses in Atlantic Canada are making a sizeable contribution to the regional economy and are expanding rapidly, but financial obstacles remain a significant barrier to their future growth.
Infographic for APC 2019 Report: Highlighting Successful Atlantic Indigenous Businesses
The purpose of the study was to highlight Atlantic Indigenous business success stories and how these can inform and assist further growth.
This study shows that Atlantic Indigenous business revenues were valued at $1.6 billion in 2016. Indigenous firms are growing rapidly, creating jobs and income for both Indigenous and non-Indigenous workers. APEC’s report highlights factors that could further their growth.
Research conducted by the Canadian Council for Aboriginal Business shows that Indigenous small business owners across Canada are growing in numbers and experiencing wide-spread success in terms of profitability and growth and in ways that go beyond the bottom-line. Nationally, the number of Indigenous business owners and entrepreneurs is growing at five times the rate of self-employed Canadians overall.
Workforce talent recruitment and retention is one of the most urgent issues facing the Atlantic region. In the next decade, the Canadian economy is expected to offer significant opportunities for employment. Those opportunities reflect both Canada’s emergence as a knowledge economy and the impact of retirement from the workforce of the baby boomer generation. An expectation exists that future demand for a skilled labour force will be serviced, in part, by an increasing Indigenous workforce.
Working Warriors is a cloud-based management platform that assists Indigenous communities with identifying their workforce, assets related to economic development as well as managing their industry partnerships. Working Warriors also acts as a project management tool for employers on major capital projects and operations.
Since the launch of the Atlantic Growth Strategy, the governments of Canada and the Atlantic provinces have worked collaboratively to build a vibrant economic future for Atlantic Canada by focusing on five strategic priorities:
-skilled workforce and immigration,
-innovation,
-clean growth and climate change,
-trade and investment,
- and infrastructure.
This 2019 research study is the most comprehensive to
date and while it provides a comparative analysis between
2003 and 2019, the emphasis of the analysis is placed
on the more relevant data between 2012 and 2019. The
updated information allows for an understanding of the
status of WBOs in Atlantic Canada and the directional
trends of the key criteria of both studies. New to this
study was a review of WBOs who identified as members
of other under-represented groups (Indigenous People,
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